Tag Archives: Economics

Constraint- binding vs non binding

Here is a good example of a binding constraint. I think of a typical example of binding constraint in unemployment/minimum wage. Minimum wage is lower bound of the price of labor. If minimum wage is $1 per hour, it would … Continue reading

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Protesting Unequal pay

    This is an excerpt of Frans de Waal's TED talk.

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Assumptions...and economic models/techniques

It's Krugman saying it. Filters and Full Employment (Not Wonkish, Really) - NYTimes.com. In every economic model/technique, a set of assumptions is accompanied. Beyond applied assumption, interpretation of the results requires caution.

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The story of economic genius

Grand Pursuit, a beautiful mind by Sylvia Nasar  

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